GM net income declines as tariffs spoil 2025 guidance
GM CFO Paul Jacobson said the quarterly results were hampered, in part, by lower wholesale volumes of highly profitable full-size pickups and SUVs resulting from several weeks of scheduled assembly downtime. (NICK BUNKLEY/AUTOMOTIVE NEWS)
Automotive News breaks down how the April 29 tariff adjustments will affect the auto industry, what information remains unclear, and what’s next for tariffs on cars and parts.